>> a very warm welcome to the "journal" coming to you from berlin. >> here are our headlines -- spain slides deeper into economic trouble with the country mired in a banking crisis. >> queen elizabeth wraps up her diamond jubilee celebration. >> and stargazers will get to enjoy a once-in-a-lifetime experience as venus passes in front of the sun. spain is finding it increasingly difficult to raise capital on
the financial markets as the premium being demanded by the international bar wears is rising to worrying levels. >> the spanish prime minister says this country cannot continue financing itself indefinitely at such high borrowing costs. on tuesday, spanish officials made yet another plea to european directors for direct aid to help keep the situation from spiraling. >> the prospect of a full- fledged run on spanish banks has investors worried. and depositors have already hauled billions out of the country in recent weeks. spain needs 23 billion euros alone to save its troubled lenders. the government has repeatedly said spain can ride out the storm by itself, but many analysts believe spain cannot afford new debt. the risk premium that investors are demanding has sent spain's borrowing costs spiralling to record highs. in a radio interview on tuesday, the country's finance minister said the risk premium means the door to the market is no longer
open for spain. the next big test for spain's faltering economy will come on thursday when the government plans to auction up to 2 billion euros in bonds. >> joining us for more on the story now is our brussels correspondent. what can brussels do to prevent own costs from rising even further at this stage? >> one option would, of course, be to allow the european stability mechanism, that is the rescue fund, to give money directly to banks, not just to states, to countries, but it is the rule now that only states can bar a money. one option would be to change the rules so that banks can go directly to them and get money, and it is something that the european commission also advocated last week. he has been pushing for more economic integration in the eurozone as well. these are all efforts that we have been watching very closely.
it is moving towards a bit of a stronger economic union, but germany in particular is against opening up the esm rules so that banks can get money from the rescue fund. >> do you think germany is being viewed as a big bullet then? >> yes, because germany wants to stick to the rules, and spain says it is in a very different situation from greece because it has a banking crisis, not a state crisis, like greece. it only needs money for its banks, it is something where the country -- the countries should support it a bit more. pressure is also growing on ecb because spain is just in need of cash, and the ecb did help out last year when it bought state bonds. investors in particular are in the ecb very closely as well. we are all waiting for the big eu's summit at the end of this month to see whether european
bidders are actually seeing the warning signs and whether they are changing considerably. >> thank you very much for that. >> for a closer look at how traders reacted, our correspondent give us the summary of the day's action. >> despite the fact that many details are still unclear and despite the fact that the situation on many banks in the eurozone seems to be dramatic, there seems to be hoped on the markets that the politicians of the eurozone will come up with solutions for its troubled banks. that is why, again, shares of many banks, especially from spain, italy, and also france, were highly in demand on the stock-trading for this tuesday. broad market in frankfurt, though, did not radiate a lot of optimism, due to spain, of course, but also due to the back that the factory orders in germany in april decline at a higher rate than experts had
anticipated. >> let's get a closer look at those markets numbers for you. we say in frankfurt were germany's blue-chip dax was down fractionally. the 50, however, high of 5.4%. in new york, trading still under way for the dow jones industrial average. it is in positive territory by 0.25%. the euro losing ground against the dollar, trading for $1.2444. that the economy cooling down, and german started to fill the consequences. in april, factory orders fell by 1.9%, compared to the month before. the economics ministry blamed the sharp drop in foreign demand. and russian president vladimir putin has met with his chinese counterpart in beijing on a visit aimed at bolstering their deepening alliance. >> he told hu jintao the ties
between the nations have reached new heights as he kicked off the store. it is putin's first trip since starting his historic third term last month. then he will also meet with representatives from iran and afghanistan during the visit. that china is a key strategic partner for russia. bilateral trade is booming, but the two sides are also expected to discuss the situation in syria. china and russia, both members of the united nations security council, have repeatedly refused to take a tougher line on the assad regime. out of both china and russia oppose external intervention in a serious situation and oppose regime changed by force. >> another major point of discussion will be energy cooperation. russia is one of the world's largest energy producers and china one of the world's largest energy consumers.
putin would like to conclude a natural gas deal with beijing, but the two sides have not been able to agree yet on pricing. russian trade with china has risen sharply over the last two years, and putin has set a target of $100 billion in annual bilateral trade by 2015. in all, china and russia are expected to sign more than a dozen major trade and business deals during putin's visit. >> i just a moment, we will have the latest on the preparations for the euro 2012 kick off that is on friday. >> that is right. first, a look at other stories making news around the world. >> syria has banned diplomats from 17 countries, including the u.s. and germany. it says the move came in retaliation for the recent boys from europe and norths on- america. fighting between rebels and government troops has intensified in several syrian cities, days after rebels said they would no longer need the united nations-sponsored cease-
fire. a u.s. jerome strike in pakistan has reportedly killed al qaeda's deputy leader. a u.s. official said he was confident the men had died in the attack this week. >> german doctors treating yulia temocheko doubt she will ever recover if she remains in custody. she is in jail for abuse of power. rights organizations and western politicians continue to push for her release. and german chancellor angela merkel and her economics minister have been meeting with employer and union leaders to discuss how to topple the country's shortage of skilled workers. germany primarily faces a shortfall because of the country's low birth rate and also aging population. >> experts are predicting there will be a shortfall of millions of workers in the country by
2025, so the government has launched an initiative to attract specialist workers from abroad. >> germany is on the lookout for skilled workers, and it is hoping to find them with an ad campaign targeting workers both at home and abroad. experts are at odds over how many are really needed, but the labor ministry estimates that by 2025, the country could face a shortfall of 3 million workers. >> it is obvious that we need targeted immigration from those people who want to work who have skills, and who could contribute something. >> the government hopes to attract young unemployed people from spain, portugal, and greece, and it is also looking further afield by loosening regulations for qualified workers from non-eu countries. the minimum salary requirement for that group has been lowered to 45,000 euros. those with knowledge of german
are fast track, and people looking for work can stay in germany for six months and in return, the government wants the private sector to hire more skilled german workers, particularly older employees. >> we expect companies to think about ways to continue training older workers who already work for them. we would also like to see programs that enable older workers to continue, but i am less strenuous capacities. >> germany's government is under increasing pressure to meet the shortfall, but hopes its new strategy is a step in the right direction. >> it is just three days now until the euro 2012 kick off. the german team have settled into their training center, and they seem to be in a convent -- confident mood for the match against portugal on saturday. >> that's right, and there was also more good news.
the team are looking forward to the competition. >> the mayor of gdansk visited the media center, which will be pr hub for the german football association during the year of 2012. >> the german team has held two trading sessions. the mood has been relaxed and free of any trauma. >> i feel good. we are really well prepared. we have a great team with great players and are covered twice in all positions. in a survey of european national soccer coaches, 12 named germany as the likely winner, won by less than ringing champions spain, which 13 coaches picked to win. and the first game will be decisive. it will show what we can do. how prepared we are to run, and
what we are bringing to the game. i am certain we will play some good games and lead as the winners. m just four days until play gets under way saturday with germany squaring off against portugal in western ukraine. >> in other soccer news now, manchester united have reached an agreement with the german champions for the chancellor of midfield's start. >> the 23-year-old japanese international join them for 350,000 euros in 2010. since then, he has won two german league titles and the german cup. neither club has confirmed the transfer fee. media reports suggest it is in the region of 17 million euros. >> after four packed days, celebrations to mark when elizabeth was a 60-year reign have drawn to a close.
she earlier attended a thanksgiving service in st. paul's cathedral in london. >> i know about you, but i was glued to the television, and the sermon was moderated by the archbishop of canterbury, highlighting the queen's dedication to public service. >> and to was the culmination of four days of events and one that everybody had been waiting for. the clean's appearance on the balcony of buckingham palace. the cheering masses and royal family were treated to a flypast by the red arrow's display team. the morning began with a service at st. paul's cathedral. representatives from the government and military, diplomats, foreign leaders and roils, all in attendance to honor the clean's 60 years on the throne. >> in all her public engagements, our queen had shown a quality of joy in the
happiness of others. she has responded with just the generosity st. paul speaks of, in showing on a to tell with local communities and individuals of every background and class and race. and in a televised address to the nation, the clean expressed her gratitude for the public show of affection. >> the events that i have attended to mark my diamond jubilee have been a humbling experience. it has touched me deeply to see so many thousands of families, neighbors, and friends celebrating together in such a happy atmosphere. then another the celebrations are over, the queen will continue her diamond jubilee tour of the country, to meet the people she has served for 60 years. >> still to come, what does it mean to go nuclear energy free? we have a look at the latest
challenges facing germany as it strives to be that goal in the next 10 years. >> that's right. and another effect of the economic giant and its rapidly growing appetite for the illegal trade in ivory. stay with us. >> true art has a mind of its own. just like beethoven and the artists who interpret his work. at the beethoven festival from september 7 to october 7. order your ticket online. >> what is so powerful that it can make you overcome your greatest fear? turn your brother into an enemy? leave wounds and stars long after the fighting is over? >> what is so potent it passes
effortlessly from mother to child, from generation to generation? what clouds brilliant minds? mix that ideas seem like good ones? it is hunger. >> it kills 25,000 people a day. >> help us fight hunger. >> welcome back. it is exactly one year since germany decided to abandon nuclear powers. since that time, there has been much bickering between the former environment minister and the economics minister about establishing a new national grid to feed power for themselves. >> making a fresh start to provide the infrastructure germany will need when the last nuclear power station is due to be shut down in 2022. and industry experts are calling it a task as challenging as the moon landing, the transformation of germany's image sector has the economic environment
minister struggling to overcome conflicting interests. >> as members of the governing coalition, we are united in our resolve to ensure the energy switchover is successful and benefits both industry and society. >> germany's powered by an energy mix it up of a large dose of coal, nuclear power, and a sprinkling of renewals. it is a recipe that serves the country for years, but in 2011, germany shot off aid of its nuclear reactors, and in the first of its energy switchover, lowering overall electricity production. at the same time, more wind turbines were built, increasing the share of renewals in germany's mix. grenoble's now account for 20% of the mix. nuclear energy adds another 18%, followed by natural gas. the government has ambitious plans, aiming to almost double the amount of wind and solar power to 35% by 2020.
>> our long-term goal is to make renewable energy the backbone of energy supply in germany. >> that will require a massive upgrade to the power grid, costing billions. it could lead to higher electricity prices and tax hikes. the ministers said they will need the support of other political parties, business leaders, and the public to succeed. >> right, well, as we mentioned, the german win sector is one of the and it -- industries that will profit from most of the government's energy reforms. >> but not exactly everyone is excited about it. >> they may soon have a mark -- wind turbines on the hill and around the bavarian village. local residents are far from the best from what they see as a blot on the landscape. >> germany's nuclear switch off and move to the nobles has wide public support. at the same time, not many are keen for it to encroach on their own backyards.
the church is still the tallest building in town. a photomontage shows how that could change. >> i cannot accept that. if you live 600 meters away, there is noise day and night, and they cast a shadow. politicians have to protect us as citizens. >> the area has few wind turbines, instead plenty of solar panels, but not nearly enough in germany is to meet -- is to meet its renewable side. times of the essence feel it up and down the country, authorities have relaxed the process for getting a permit for wind turbines. regional leaders said they have to be proactive. and should we wait to build a turbine around or even in the late? no, we want to take charge, to be in control, and that is why we are getting on with it. that he consulted the local communities to identify 16 potential sites for wind turbines, places where they would cause least intrusion on
people's lives. but there is still opposition. and it is hard to get our point across to the residence at present, it is up to the politicians to convince them. we have got a good alternative energy association with strong community links, and i think we have to first win over support in the communities, and we are just beginning with that. we are not far along. >> residents meet once a month to discuss how they can prevent the wind turbines being built. the opposition is not just about having a 200-meter turbine on their doorstep. it is also about conservation. >> that is the crux of the issue. the wind turbines will destroy the landscapes that are of greatest value to us. people are gradually noticing that there is nothing sustainable about it, and that the entire thing is not actually good for the environment. it is a gradual realization.
it sounds like a good idea, but what is really behind it? it is a con, like taking the drug without knowing the side effects. >> there simply is no alternative, argues the district administrator. he says it is regrettable for a minority people, but he argues the shift to new levels has the support of the majority of the german public. >> we cannot stop it or say the district is so beautiful we want to be exempted from wind power. no court would accept that. we cannot say we just want to look or hydropower from the lake. >> local leaders have their work cut out to get that message across, but he is determined that one day, wind turbines write your will power germany's renewable future. >> ivory or white gold -- that is what some of africa's most majestic creatures are slaughtered for. >> within 650 elephants and have had to die in one of the latest
incidents in northern cameron. it is a lucrative trade, and one conservationist wants to put a complete stop to it. >> the international fund for animal welfare says the scale of the killings this year is unprecedented with the market for ivory booming in china. >> killed for their tusks. elephants are the main source of the ivory trade. these images were captured just months ago at a national park in cameron. poachers massacred several hundred elephants in one of the worst incidents of its kind in several years. they had their short tusks torn out. on the black market, even small pieces of ivory can fetch big sums. the illegal trade is with millions. robert class is an animal welfare activists from germany. he says the far east is one of the strongest markets for ivory. >> the demand for ivory has increased dramatically, especially in asia, and
particularly in china. that is because ivory has become much more expensive. the price has tripled in the last five years. >> activists do spot checks on ivory stores in china. down most of the protests -- most of the pieces were obtained illegally. it is difficult to keep track of what is legal. >> now that more ivory is coming into china, both the legal and illegal markets for this material have grown. it has become harder for groups like ours to verify the source. it is almost impossible. that animal welfare groups want a total ban on the ivory trade
to stop elephant poaching. but that is not likely to happen anytime soon. until it does, the deadly trend will continue. >> scientists and stargazers are preparing for a rare celestial event -- the transit of venus. >> and add to will be a once-in- a-lifetime experience here the next time it happens will not be until another 117 years away. >> these images show what it looks like when venus moves across the sun. astronomers say seeing it is worth the effort because it often only happens once in a lifetime. >> the transit of venus only occurs every 100 something years. we are looking at a pair, and then the next one will be in 2117. >> the event is so rare because it only happens when the sun, venus, and the earth are
aligned. viewers in australia and eastern asia have the best chance of getting a glimpse of the transit at sunrise. europe and north america should get a good view as well, the south america will have to wait until the next trend that because it will be nighttime there this time around. >> two film makers have set up to produce a new film on germany viewed from above ground. the use helicopters to get a bird's-eye view of the german landscape, but also at least one bird with a camera attached. >> the film provides views from the north sea to the alps and from the church of our lady in dresden to a cathedral in cologne. >> the surface of the moon? guess again. this is an open cast mine in germany. these are images from a film called "germany from above." it gives viewers a whole new perspective on the country.
the director had no shortage of ideas for capturing the unique images. >> we had cameras in fighter planes. we gave them to skydivers and been sued jumpers. and in the cockpits of stunt riders. we put one on a golden eagle. camera only way 100 grams -- the camera only weighed 100 grams. bamut is that more than 600 hours in a helicopter equipped with a special camera. a joystick is used to control the device which is mounted underneath.
and after the first days of shooting, we noticed the pictures had an unusual is that equality and beauty. we could not improve them. in fact, we even tried to doctor the images of it to make them more attractive, but germany seen from above is simply beautiful. and some of those will be able to view germany from above for 110 minutes. they can fly with wild geese through space and time and get a never before seen prospective on the country. >> that is all for now. stay with us.